Nikita Papers Ltd

Nikita Papers Ltd. – Company Report


1. Company Overview


Nikita Papers Ltd., incorporated in 1989 and headquartered in New Delhi, is a leading Indian manufacturer of recycled kraft paper and related paper products. The company is recognized for its commitment to sustainable operations, utilizing waste paper as its primary raw material and adhering to zero water discharge processes. Since its inception, Nikita Papers has steadily expanded its production capacity from 3,000 TPA to over 133,000 MTPA, becoming one of India’s prominent eco-friendly paper manufacturers.

With a seasoned leadership team and over 500 employees, Nikita Papers has focused on delivering innovative, high-strength kraft paper for both domestic and international markets. The company’s manufacturing facility in Shamli, Uttar Pradesh, serves a diverse client portfolio spanning packaging, FMCG, and industrial applications. Nikita Papers is ISO certified and holds a reputation for quality, process innovation, and strong customer service.

  • Incorporated: 1989
  • Headquarters: New Delhi, India
  • Manufacturing: Shamli, Uttar Pradesh
  • Installed Capacity: 133,000+ MTPA
  • Core Focus: Recycled kraft papers, specialty paper solutions
  • Certifications: ISO; Zero Water Discharge operations
  • Market Cap (July 2025): ~₹223 crore

2. Products and Services


Nikita Papers Ltd. offers an extensive range of kraft papers and allied solutions produced from 100% recycled waste paper, targeting the growing demand for sustainable packaging:

  • Kraft Paper Grades:

    • Natural, gold, and specialty kraft papers in grammage ranges from 70 to 230 GSM
    • Burst Factor (BF) ranges from 18 to 35
    • Customizable for various packaging, industrial, and commercial uses
    • Known for excellent folding resistance, strength, and toughness—suited for corrugated boxes, wrapping, carry bags, and more
  • Poly Coated Papers: Specialty coated papers for enhanced moisture resistance and custom industrial applications

  • Writing and Printing Paper: Used for notebooks, A4 paper, and other printing requirements

  • Premium Kraft Paper Variants: Including MB Kraft Paper and Royal Gold Kraft Paper, available in a variety of sizes and shades

  • Sustainability and Customization: All products are manufactured using advanced recycling technology, meeting stringent environmental standards. The company offers technical support to help clients select optimal grades and specifications for their end-use needs.


3. Recent News and Financial Performance


Business Developments and Expansion

  • Modernization of production technology, with a focus on improved quality and sustainability
  • Strong distribution network and client relationships in packaging and FMCG sectors
  • Export market penetration growing steadily in recent years

4. Financial Performance (FY2025)


Metric FY2025 Value
Total Revenue ₹379 crore
Net Profit ₹23 crore
EBITDA ₹45 crore
Operating Profit Margin 12%
PAT Margin 6%
EPS ₹12.67
ROE 25.4%
Dividend Not declared (reinvestment)

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.620.89
EV / EBITDA7.496.82
Debt / Equity2.140.69
ROE %24.8615.97
ROCE %16.4715.43
P / B01.14
Div Yld %02.42
P/E9.759.79
OPM %12.2213.35
Qtr Sales Growth YOY %10.853.02
Qtr Profit Growth YOY %32.3135.17
ROA LAST 12M %6.78.08
Prom. Hold. %58.9557.96
Sales 3Yrs CAGR %0.882.31
Sales 5Yrs CAGR %29.6811.21
Profit 3Yrs CAGR %49.145.3
Profit 5Yrs CAGR %97.8136.45

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